DSCR up to 8 units in Brooklyn, AL

DSCR loan in Brooklyn, AL is based on the property's cash flow without the borrower's income verification.

DSCR stands for “long-term debt service coverage ratio.” These loans are for real estate investors who wish to grow their property portfolio in Brooklyn, AL, and many other cities throughout Texas and the US.

Basic DSCR Loan Terms in Brooklyn, AL

  • Property types: residential 1-8 units
  • Loan amounts from $75,000
  • 80% LTV purchase/75% Cashout
  • 30-year fixed or 5/7/10 ARM (I/O)
  • Rates from 6.5%
  • Minimum FICO 660
  • No income verification
  • Low fees and costs

Buy-and-hold investors in Brooklyn, AL can be assured that by working with Horizon Lending Services, we will always provide the best opportunities at the best possible rates.

If you are looking at a single-family home, condo, townhome, or multiplex, our Brooklyn, AL real estate investors have you covered.

Investment Opportunities in Brooklyn, AL

Benefits of DSCR Loan in Brooklyn, Alabama

DSCR loans offer numerous benefits for property investors in Brooklyn, Alabama. One key advantage is that these loans rely solely on the potential income generated by the property to determine loan eligibility. This means that personal income or credit score may not be as crucial in securing the loan, making it accessible to a wider range of investors.

Demographically, Brooklyn, Alabama, is a diverse and vibrant community. The population consists of a mix of young professionals, families, and retirees, creating a dynamic neighborhood with a strong sense of community. The area prides itself on its cultural diversity, with various ethnic restaurants, shops, and community events.

In terms of the housing market, Brooklyn offers a range of property types, from historic homes to modern apartments, catering to different preferences. The market is relatively stable, with steady appreciation rates over the years. With the benefits of DSCR loans, investors have the opportunity to capitalize on the demand for rental properties in the area.

Brooklyn, Alabama, boasts a variety of attractions for residents and visitors alike. From beautiful parks and recreational facilities to cultural landmarks and shopping districts, there is something for everyone to enjoy. The Brooklyn Museum, local farmers' markets, and annual festivals are just a few highlights that make living in Brooklyn truly special.

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